Report cover image

Global Asphalt Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Oct 30, 2025
Length 163 Pages
SKU # BOSS20729705

Description

Report Overview

The asphalt market refers to the global industry involved in the production, distribution, and application of asphalt — a sticky, black, highly viscous, or semi-solid form of petroleum primarily used as a binding and waterproofing material. Asphalt is most commonly employed in the construction and maintenance of roadways, but it is also widely used in roofing, waterproofing, and industrial applications. The market encompasses various product types such as asphalt mixtures, additives, and emulsions, catering to both infrastructure and commercial construction sectors. Growth in the asphalt market is largely driven by increasing infrastructure development, road rehabilitation projects, and urbanization, alongside technological advancements in asphalt modification and recycling that enhance durability and environmental sustainability.

The global Asphalt market size was estimated at USD XX million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of XX% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Asphalt market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Asphalt market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Asphalt market.

Global Asphalt Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

Exxon Mobil Corporation

Shell plc

BP plc

TotalEnergies SE

Chevron Corporation

CEMEX

PetroChina

Sinopec

Marathon Petroleum Corporation

Valero Energy Corporation

Owens Corning

Colas Group

Sika AG

Nynas AB

CRH plc

Heidelberg Materials AG

Construction Partners, Inc.

Ergon, Inc.

Boral Limited

United Refining Company

Martin

Market Segmentation (by Type)

Additives

Mixtures

Others

Market Segmentation (by Application)

Roadways

Waterproofing

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Asphalt Market

Overview of the regional outlook of the Asphalt Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Asphalt Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Asphalt, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

163 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Asphalt
1.2 Key Market Segments
1.2.1 Asphalt Segment by Type
1.2.2 Asphalt Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Asphalt Market Overview
2.1 Global Market Overview
2.1.1 Global Asphalt Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Asphalt Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Asphalt Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Asphalt Product Life Cycle
3.3 Global Asphalt Sales by Manufacturers (2020-2025)
3.4 Global Asphalt Revenue Market Share by Manufacturers (2020-2025)
3.5 Asphalt Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Asphalt Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Asphalt Market Competitive Situation and Trends
3.8.1 Asphalt Market Concentration Rate
3.8.2 Global 5 and 10 Largest Asphalt Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Asphalt Industry Chain Analysis
4.1 Asphalt Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Asphalt Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Asphalt Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Asphalt Market
5.7 ESG Ratings of Leading Companies
6 Asphalt Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Asphalt Sales Market Share by Type (2020-2025)
6.3 Global Asphalt Market Size Market Share by Type (2020-2025)
6.4 Global Asphalt Price by Type (2020-2025)
7 Asphalt Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Asphalt Market Sales by Application (2020-2025)
7.3 Global Asphalt Market Size (M USD) by Application (2020-2025)
7.4 Global Asphalt Sales Growth Rate by Application (2020-2025)
8 Asphalt Market Sales by Region
8.1 Global Asphalt Sales by Region
8.1.1 Global Asphalt Sales by Region
8.1.2 Global Asphalt Sales Market Share by Region
8.2 Global Asphalt Market Size by Region
8.2.1 Global Asphalt Market Size by Region
8.2.2 Global Asphalt Market Size Market Share by Region
8.3 North America
8.3.1 North America Asphalt Sales by Country
8.3.2 North America Asphalt Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Asphalt Sales by Country
8.4.2 Europe Asphalt Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Asphalt Sales by Region
8.5.2 Asia Pacific Asphalt Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Asphalt Sales by Country
8.6.2 South America Asphalt Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Asphalt Sales by Region
8.7.2 Middle East and Africa Asphalt Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Asphalt Market Production by Region
9.1 Global Production of Asphalt by Region(2020-2025)
9.2 Global Asphalt Revenue Market Share by Region (2020-2025)
9.3 Global Asphalt Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Asphalt Production
9.4.1 North America Asphalt Production Growth Rate (2020-2025)
9.4.2 North America Asphalt Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Asphalt Production
9.5.1 Europe Asphalt Production Growth Rate (2020-2025)
9.5.2 Europe Asphalt Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Asphalt Production (2020-2025)
9.6.1 Japan Asphalt Production Growth Rate (2020-2025)
9.6.2 Japan Asphalt Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Asphalt Production (2020-2025)
9.7.1 China Asphalt Production Growth Rate (2020-2025)
9.7.2 China Asphalt Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Exxon Mobil Corporation
10.1.1 Exxon Mobil Corporation Basic Information
10.1.2 Exxon Mobil Corporation Asphalt Product Overview
10.1.3 Exxon Mobil Corporation Asphalt Product Market Performance
10.1.4 Exxon Mobil Corporation Business Overview
10.1.5 Exxon Mobil Corporation SWOT Analysis
10.1.6 Exxon Mobil Corporation Recent Developments
10.2 Shell plc
10.2.1 Shell plc Basic Information
10.2.2 Shell plc Asphalt Product Overview
10.2.3 Shell plc Asphalt Product Market Performance
10.2.4 Shell plc Business Overview
10.2.5 Shell plc SWOT Analysis
10.2.6 Shell plc Recent Developments
10.3 BP plc
10.3.1 BP plc Basic Information
10.3.2 BP plc Asphalt Product Overview
10.3.3 BP plc Asphalt Product Market Performance
10.3.4 BP plc Business Overview
10.3.5 BP plc SWOT Analysis
10.3.6 BP plc Recent Developments
10.4 TotalEnergies SE
10.4.1 TotalEnergies SE Basic Information
10.4.2 TotalEnergies SE Asphalt Product Overview
10.4.3 TotalEnergies SE Asphalt Product Market Performance
10.4.4 TotalEnergies SE Business Overview
10.4.5 TotalEnergies SE Recent Developments
10.5 Chevron Corporation
10.5.1 Chevron Corporation Basic Information
10.5.2 Chevron Corporation Asphalt Product Overview
10.5.3 Chevron Corporation Asphalt Product Market Performance
10.5.4 Chevron Corporation Business Overview
10.5.5 Chevron Corporation Recent Developments
10.6 CEMEX
10.6.1 CEMEX Basic Information
10.6.2 CEMEX Asphalt Product Overview
10.6.3 CEMEX Asphalt Product Market Performance
10.6.4 CEMEX Business Overview
10.6.5 CEMEX Recent Developments
10.7 PetroChina
10.7.1 PetroChina Basic Information
10.7.2 PetroChina Asphalt Product Overview
10.7.3 PetroChina Asphalt Product Market Performance
10.7.4 PetroChina Business Overview
10.7.5 PetroChina Recent Developments
10.8 Sinopec
10.8.1 Sinopec Basic Information
10.8.2 Sinopec Asphalt Product Overview
10.8.3 Sinopec Asphalt Product Market Performance
10.8.4 Sinopec Business Overview
10.8.5 Sinopec Recent Developments
10.9 Marathon Petroleum Corporation
10.9.1 Marathon Petroleum Corporation Basic Information
10.9.2 Marathon Petroleum Corporation Asphalt Product Overview
10.9.3 Marathon Petroleum Corporation Asphalt Product Market Performance
10.9.4 Marathon Petroleum Corporation Business Overview
10.9.5 Marathon Petroleum Corporation Recent Developments
10.10 Valero Energy Corporation
10.10.1 Valero Energy Corporation Basic Information
10.10.2 Valero Energy Corporation Asphalt Product Overview
10.10.3 Valero Energy Corporation Asphalt Product Market Performance
10.10.4 Valero Energy Corporation Business Overview
10.10.5 Valero Energy Corporation Recent Developments
10.11 Owens Corning
10.11.1 Owens Corning Basic Information
10.11.2 Owens Corning Asphalt Product Overview
10.11.3 Owens Corning Asphalt Product Market Performance
10.11.4 Owens Corning Business Overview
10.11.5 Owens Corning Recent Developments
10.12 Colas Group
10.12.1 Colas Group Basic Information
10.12.2 Colas Group Asphalt Product Overview
10.12.3 Colas Group Asphalt Product Market Performance
10.12.4 Colas Group Business Overview
10.12.5 Colas Group Recent Developments
10.13 Sika AG
10.13.1 Sika AG Basic Information
10.13.2 Sika AG Asphalt Product Overview
10.13.3 Sika AG Asphalt Product Market Performance
10.13.4 Sika AG Business Overview
10.13.5 Sika AG Recent Developments
10.14 Nynas AB
10.14.1 Nynas AB Basic Information
10.14.2 Nynas AB Asphalt Product Overview
10.14.3 Nynas AB Asphalt Product Market Performance
10.14.4 Nynas AB Business Overview
10.14.5 Nynas AB Recent Developments
10.15 CRH plc
10.15.1 CRH plc Basic Information
10.15.2 CRH plc Asphalt Product Overview
10.15.3 CRH plc Asphalt Product Market Performance
10.15.4 CRH plc Business Overview
10.15.5 CRH plc Recent Developments
10.16 Heidelberg Materials AG
10.16.1 Heidelberg Materials AG Basic Information
10.16.2 Heidelberg Materials AG Asphalt Product Overview
10.16.3 Heidelberg Materials AG Asphalt Product Market Performance
10.16.4 Heidelberg Materials AG Business Overview
10.16.5 Heidelberg Materials AG Recent Developments
10.17 Construction Partners, Inc.
10.17.1 Construction Partners, Inc. Basic Information
10.17.2 Construction Partners, Inc. Asphalt Product Overview
10.17.3 Construction Partners, Inc. Asphalt Product Market Performance
10.17.4 Construction Partners, Inc. Business Overview
10.17.5 Construction Partners, Inc. Recent Developments
10.18 Ergon, Inc.
10.18.1 Ergon, Inc. Basic Information
10.18.2 Ergon, Inc. Asphalt Product Overview
10.18.3 Ergon, Inc. Asphalt Product Market Performance
10.18.4 Ergon, Inc. Business Overview
10.18.5 Ergon, Inc. Recent Developments
10.19 Boral Limited
10.19.1 Boral Limited Basic Information
10.19.2 Boral Limited Asphalt Product Overview
10.19.3 Boral Limited Asphalt Product Market Performance
10.19.4 Boral Limited Business Overview
10.19.5 Boral Limited Recent Developments
10.20 United Refining Company
10.20.1 United Refining Company Basic Information
10.20.2 United Refining Company Asphalt Product Overview
10.20.3 United Refining Company Asphalt Product Market Performance
10.20.4 United Refining Company Business Overview
10.20.5 United Refining Company Recent Developments
10.21 Martin
10.21.1 Martin Basic Information
10.21.2 Martin Asphalt Product Overview
10.21.3 Martin Asphalt Product Market Performance
10.21.4 Martin Business Overview
10.21.5 Martin Recent Developments
11 Asphalt Market Forecast by Region
11.1 Global Asphalt Market Size Forecast
11.2 Global Asphalt Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Asphalt Market Size Forecast by Country
11.2.3 Asia Pacific Asphalt Market Size Forecast by Region
11.2.4 South America Asphalt Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Asphalt by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Asphalt Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Asphalt by Type (2026-2033)
12.1.2 Global Asphalt Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Asphalt by Type (2026-2033)
12.2 Global Asphalt Market Forecast by Application (2026-2033)
12.2.1 Global Asphalt Sales (K MT) Forecast by Application
12.2.2 Global Asphalt Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.